Your people are the lifeblood of your organization—the foundation on which its success is built. That’s why, in today’s candidate-driven environment, it is critical to hang on to your best legal talent as long as you can. Bright, driven employees are a credit to your organization, contributing to a higher-quality work product and greater productivity. And the longer someone stays with your company, the more valuable they become in terms of knowledge, experience and relationships with your clients and other employees.

On the flip side, employee attrition is expensive. It costs significant time and money to recruit, hire and retain lost talent—as much as 33% of a worker’s annual salary to hire their replacement, according to a 2017 Work Institute Retention Report. And when you’re down an attorney, chances are you’ll have to utilize outside counsel, which increases spend and potentially slows response time. Turnover also affects the performance of your organization. When employees quit, those left behind may have to shoulder the burden of their duties. This can lead to disgruntled employees and a lull in productivity.